Member Info for pbody

I do understand most of us "would be happy with 9pps" Bev B, but do you think DW would be happy walking away with 3.5 million to sell all 88e? Looking at what PMO has bought for 625 million It could afford it. The reserves are bigger than that at 88e, would PMO be prepared to recover the outlay with slower extraction rates?

I was wondering if the assets "look cheap" to PMO whilst the Price per barrel is so low. Making it more likely to want that asset whilst its at a bargain price? 625 million would push our SP well over 10pps and the asset is much much larger. The flow rates are not there, but if they are in no hurry to recoup the cash it adds up when the oil price climbs. They would get it on the cheap so to speak. It would not add up if they were not cash rich though or not thinking years into the future.

I did It said 625million! RNS said so. Wanted to check its not fake! Like the other news comment "PMO hires top exec to help reduce debt!"

PMO has an appraisal drill with 88e later this year, I was trying to work out how much (if all goes "well") they would pay for a buy out of 1.6 to 2.3 BBLS of oil? That's under that 88e North Slope?

They have spent hundreds of millions on a North Sea Field???? Is that fake?

Dec/Jan IIRC? Sure? Perhaps it was posted on 88e forum?

The only time I have seen a SP drop on finding Silver and Gold that is a fact...

I think I could understand the idea of knowing what an area contains with appraisal drills and copper content. Maybe a splash of quartz or gold would be our biggest hopes of a win. But you are right The SP has turned into something that looks like it would be silly money and thoughts at 2pps ludicrous. But to my cost with Main Market shares that go bust or tank in just the same way I no longer fear AIM in the same way some do. Mostly because the main market has bitten me in just the same way. Delisting and relisting are my only fear on some AIM stocks. Strat Aero being one I nearly bought into and kicked myself with.
This is AIM and no doubt survival is the best key. Hopefully GWMO will and head back north....

Hi, Over the last month or so, read that a new Board member was drafted in to reduce debt and then a few days later they "bought out" a North Sea field. Could you give me a idea on the price and the size of that field? Also how did they afford it? Or was the debt and new board member all just Hokum?

"By stock market law!" We have dispatched numerous Police with speed Cameras Who are Issuing Speeding Tickets to Any Fast Stock On The Exchange.......A spokesperson from the Met commented "We are not used to seeing this kind of increase at Sound Energy and there is clearly a danger to public health and should it be allowed to continue".

Perhaps at 9pps Buy-out would you see DW being happy to walk away with 3.5 million sterling in his pocket? Job Done?

MAYBEE the year is wrong? Money AM broker 6th Sept all it says, target 60p will not let me paste link. sry you will have to go to site and look.

I don't know it I# have time to find it again. I was looking and it was Sept or Nov 19 IIRC, might gave been on MoneyAM or MorinnngStar

There was a lot of talk of a buy-out 3 +years ago when I read it and in some small part on the run up to XMAS. January has seen ALL the excitement and BUZZ surround a drill nearly disappear. Between Oct and NOW hardly anything has changed. 3.5% dilution to ASX market. Money has in part or full arrived from PMO? Work has progressed (time-wise) on or near as planned? SP.....and peoples moral......Not sure what to say! Hypothetically speaking as we kick our heals, as there are 7 targets what would happen individually if say each separate one came good?

I think your all hitting the right nerve with it. That's one reason with the 3.5% "incentive" is the best thing that could happen.
The SP is SO LOW that a deal put together with that incentive (even giving away most of the prospect) would still leave us MASSIVELY BETTER OFF. Lets hope that 3.5% has been used as a bargaining chip to keep the running costs to a minimum of wages until there is a deal finalised. I still hope the skeleton working conditions will see us pass Feb and beyond with cash to spare.

"Dave did say it was possible in the right conditions technically and hyperthetically speaking if all conditions were right and the ducks lining up could be possible mid next year .. "

Thanks for that. I just posted on another site and it mentioned a vote won by .88%....IS IT AT OMEN?

I was having a read, looks like a broker has a target price of 60p!!
They have debts but perhaps they have finally turned a corner, are no longer making losses. That would put a different spin on it. They look as if they are heading that way.

Price monitoring Extensions...Something on the move tomorrow. Probably not good.

I wandered lonely as a cloud.......Only to find many coincidences (reading more about where this poem was written) and book-builds happening on my shares a day after they are explained! and .88% majorities of votes all too much to believe.
Daffodils in the spring.... Apparently one of the best cures for Alzheimer's ! Not a joke.

In fact as a per day volume it is around 10% lower on the ASX per day. With a comment in an earlier post I made, I wondered (and would not be surprised) if the discount of 16% on the bookbuild had something to do with a Aus Tax level, effectively negating the Tax.

IIRC there was 1 day late Dec/Jan that was close to if not 125 million? LSE.
That doesn't look like a massive sell off on ASX TBH.